Out-Law News | 07 Jul 2014 | 5:05 pm | 1 min. read
Proposals include the demolition of the existing 14-storey office building at the site and its replacement with a new building with two basement levels, a ground floor and up to 17 storeys. Office space will be provided at the ground to seventeenth floors, increasing the office space provided at the site from 10,785 sq m in the current building to 34,158 sq m in the new building.
The ground floor of the new building will include 438 sq m of public amenity space with flexible retail and 230 basement cycle parking spaces are proposed. No car parking will be provided under the proposals.
"The provision of flexible, high quality, Grade A office floorspace in the Eastern Cluster will deliver significant economic benefits for the surrounding area, including the provision of new jobs, and will therefore contribute to the continued promotion of the City of London as the world's leading financial and business centre," said the planning statement submitted in support of the application.
"The proposed development will provide an important public benefit to the City through the provision of a distinctive retail / public amenity space at ground floor level that City workers, residents and visitors can enjoy as part of the network of amenity spaces and retail provision within this part of the City," said the statement.
The City of London Corporation has set a target date of 19 September to determine the application.